one-top-taxpayer-moved-and-new-jersey-shuddered.html

5/10/2016

This article from The New York Times focuses on the story of David Tepper, a billionaire hedge fund manager who relocated from New Jersey to Florida. The move had significant consequences for New Jersey's tax revenue because Tepper was one of the state's top taxpayers. The article examines the impact of high-income individuals like Tepper leaving a state and the challenges it poses for states heavily reliant on income taxes. It explores the reasons behind Tepper's decision to move and how it reflects broader debates about taxation and wealth migration. Additionally, it highlights the efforts made by New Jersey to retain high-income individuals and the potential implications for the state's budget and public services.

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